NZO 5.19% 36.5¢ new zealand oil & gas limited

whats your tke on todays results, page-2

  1. 8,074 Posts.
    lightbulb Created with Sketch. 385
    Kiwi Kid : - "Do we need more gas?"

    I presume you are asking in relation to the just released Momoho result.
    I interpret that result as meaning - "Ah we have found some more gas and a thin pool of condensate. Hmmmm ....interesting. Bother. Not quite what we were hoping to get. Useful information and it seems to indicate that we ought to have another go just slightly to the north-east of here ..... "

    That is my take on it. I mean they intend to plug and abandon the Momoho well and not retain it as a producer so I think that indicates that it has given them encouragement and some useful information. They seem to expect a better pool slightly elsewhere now. I suspect they are hoping to get more liquids or a bigger pooling of condensate / oil.
 
watchlist Created with Sketch. Add NZO (ASX) to my watchlist
(20min delay)
Last
36.5¢
Change
-0.020(5.19%)
Mkt cap ! $81.74M
Open High Low Value Volume
40.0¢ 40.0¢ 36.5¢ $2.223K 6.079K

Buyers (Bids)

No. Vol. Price($)
3 89671 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 4225 1
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
NZO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.